Sienna Senior Living (TSE:SIA) Shares Cross Below 50 Day Moving Average - Here's Why

Key Points

• Sienna Senior Living shares fell below their 50-day moving average, trading near C$20.22 versus the C$21.48 average, with about 400,011 shares changing hands.
• Analysts remain broadly bullish: the stock has a consensus “Buy” rating and an average price target of C$26.45, well above its recent trading level.
• The company announced a monthly dividend of C$0.078 per share, equivalent to an annualized C$0.94 and a 4.6% yield, though its payout ratio is high at 176.6%.

Sienna Senior Living Inc. (TSE:SIA - Get Free Report)'s stock price passed below its 50 day moving average during trading on Thursday. The stock has a 50 day moving average of C$21.48 and traded as low as C$20.20. Sienna Senior Living shares last traded at C$20.22, with a volume of 400,011 shares changing hands.

Analyst Ratings Changes

A number of research firms recently commented on SIA. National Bank Financial boosted their price target on Sienna Senior Living from C$27.50 to C$28.50 and gave the stock an "outperform" rating in a report on Thursday, August 6th. Royal Bank Of Canada upgraded Sienna Senior Living from a "hold" rating to a "moderate buy" rating and lifted their price target for the stock from C$25.00 to C$26.00 in a research report on Tuesday, August 11th. TD boosted their price objective on shares of Sienna Senior Living from C$27.00 to C$28.00 and gave the company a "buy" rating in a research report on Thursday, August 6th. Finally, ATB Cormark Capital Markets upped their target price on Sienna Senior Living from C$26.00 to C$27.00 and gave the company an "outperform" rating in a research note on Thursday, August 6th. One research analyst has rated the stock with a Strong Buy rating and ten have assigned a Buy rating to the stock. According to MarketBeat.com, the company has a consensus rating of "Buy" and an average price target of C$26.45.

Sienna Senior Living Stock Performance

The firm has a market cap of C$2.24 billion, a P/E ratio of 38.15 and a beta of 1.04. The company has a debt-to-equity ratio of 148.98, a quick ratio of 0.23 and a current ratio of 0.56. The firm's fifty day moving average price is C$21.48 and its 200 day moving average price is C$22.06.

Sienna Senior Living (TSE:SIA - Get Free Report) last announced its earnings results on Tuesday, August 4th. The company reported C$0.11 earnings per share (EPS) for the quarter. The business had revenue of C$277.08 million for the quarter. Sienna Senior Living had a return on equity of 6.58% and a net margin of 4.83%. Sell-side analysts expect that Sienna Senior Living Inc. will post 0.4595351 EPS for the current fiscal year.

Sienna Senior Living Announces Dividend

The company also recently announced a monthly dividend, which was paid on Friday, August 14th. Investors of record on Friday, August 14th were given a dividend of $0.0780 per share. The ex-dividend date of this dividend was Friday, July 31st. This represents a $0.94 dividend on an annualized basis and a yield of 4.6%. Sienna Senior Living's dividend payout ratio is presently 176.60%.

Insider Activity at Sienna Senior Living

In other Sienna Senior Living news, Director Brian Johnston acquired 2,500 shares of the stock in a transaction dated Monday, September 14th. The stock was purchased at an average price of C$19.96 per share, with a total value of C$49,900.00. Following the transaction, the director directly owned 29,037 shares of the company's stock, valued at C$579,578.52. This trade represents a 9.42% increase in their ownership of the stock. Corporate insiders own 0.12% of the company's stock.

About Sienna Senior Living

Sienna Senior Living Inc TSX: SIA offers a full range of senior living options, including independent living, assisted living and memory care under its Aspira retirement brand, long-term care, and specialized programs and services. Sienna's approximately 15,000 employees are passionate about cultivating happiness in daily life.

This instant news alert was generated by narrative science technology and financial data from MarketBeat in order to provide readers with the fastest reporting and unbiased coverage. Please send any questions or comments about this story to contact@marketbeat.com.